In a nutshell, the architectural billings index indicates a positive upward trend since November 2009, which means we expect construction spending to increase in the next 9- 12 months. In Texas, the data shows the loss of about 20,000 jobs in the A/E industry from November 2008 to November 2009. That plunge of employment seems to be steadily trending upward (albeit gradually) as of November 2010. See AIA Economic Forecast one sheet below for details. (Click on the image to enlarge it.)
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